# MeriTrade vs PenSmart

The clearest difference is rating: MeriTrade at 4.4 against PenSmart's 3.0. MeriTrade also leads on ratings volume (146 vs 1) and update cadence (every 8 days vs every 5 weeks). PenSmart's advantage is iOS requirement (12.0 vs 15.6). On price, ads, in-app purchases and monetization model there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

MeriTrade holds the better App Store score, 4.4 against 3.0. That said, the two scores are not equally well evidenced: MeriTrade has 146 ratings behind it against 1, so its average is the more settled of the two.

MeriTrade ships an update every 8 days, PenSmart every 5 weeks. Both last shipped on October 24, 2026.

## The numbers

| Metric | MeriTrade | PenSmart |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.4 (146 ratings)](https://appshunter.io/ios/app/meritrade/id977562417/reviews)** | [3.0 (1 ratings)](https://appshunter.io/ios/app/pensmart/id1448022895/reviews) |
| Number of ratings | **146** | 1 |
| Positive reviews | 39.3% of reviews | — |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 8 days** | Every 5 weeks |
| Monetization | Free | Free |
| Size | 101 MB | 38 MB |
| Requires iOS | 15.6 | **12.0** |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Meristem Securities Limited](https://appshunter.io/developer/977562416) | [NLPC PFA](https://appshunter.io/developer/1448022894) |

## What reviewers say

### MeriTrade

[App page](https://appshunter.io/ios/app/meritrade/id977562417)

Manage your investments on the go with this secure trading platform. Access real-time market data, track your portfolio, and execute trades directly from your mobile device. Fund your account and make withdrawals with ease.

**Highlights:** Secure account access, Portfolio insights, Live stock quotes, Trade order placement, Fund deposits/withdrawals, Biometric authentication, Dark mode

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


### PenSmart

[App page](https://appshunter.io/ios/app/pensmart/id1448022895)

This app provides pension fund administration services in Nigeria. It is licensed to manage pensions and disburse retirement benefits according to the Pension Reform Act 2014, aiming to offer clients hope for a secure financial future.

**Highlights:** Pension fund administration, Retirement benefit payments, Compliance with Pension Reform Act 2014, Financial future planning, Client-focused services

**Features:** macOS Compatibility

**In-app purchases:** none


## Frequently asked questions

### Is MeriTrade free?

MeriTrade is free to download, with no in-app purchases.

### Is PenSmart free?

PenSmart is free to download, with no in-app purchases.

### Which has better reviews, MeriTrade or PenSmart?

MeriTrade is rated higher. MeriTrade averages 4.4 out of 5 from 146 ratings, while PenSmart averages 3.0 from 1 ratings.

### Do MeriTrade or PenSmart have ads?

Neither MeriTrade nor PenSmart shows ads.

### Which is updated more often, MeriTrade or PenSmart?

MeriTrade ships an update every 8 days, and PenSmart every 5 weeks. Most recently, MeriTrade was updated on October 24, 2026 and PenSmart on October 24, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*